Elsie bought a video game for $85.00. If the store charges 170% of it's cost for the game, how much is the store's profit?
2 answers:
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Answer:
The correct solution is "4.6".
Step-by-step explanation:
Given:
Interest rate,
r = 6.2%
or,
= 0.062
Amount,
A = 100000
Principle,
P = 76000
As we know,
⇒
On substituting the values, we get
⇒
⇒
On taking log both sides, we get
⇒
⇒
By putting the values of log, we get
⇒
or,
⇒